""Get uncomfortable with it," says Cian Carolan, Director of DNG Financial Services, on the latest episode of the Money Talks podcast. "We think we know what we're spending our money on. We haven't a clue until we write it down. Print out your bank statement for the last three months of 2025 and see what you actually did. Do something about it and put a plan in place.""
""Rather than burying your head in the sand on it, it's kind of looking and saying, 'Okay, I'm not going to be able to pay that off in one or two months', so let's maybe set a more realistic goal by spreading that over the course of the first four or five months of 2026 and saying, 'Well, I'd ideally like to go into the summer having paid that off'.""
Get uncomfortable with spending and examine actual transactions. Print bank statements for the last three months of 2025 and review every expense to understand true spending patterns. Avoid relying on fancy-looking budgeting apps and instead record and analyze real bank data. Identify the largest cost drivers and the debts or payments causing the most anxiety. Create realistic repayment and budgeting plans by spreading repayments over several months rather than forcing immediate payoff. Set a concrete target, such as aiming to have major debts paid by summer 2026. Treat these suggestions as informational and not as investment advice.
Read at Irish Independent
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